Amplify Snack Brands, the PE-backed seller of SkinnyPop brand popcorn, announced terms for its IPO on Friday.
The Austin, TX-based company plans to raise $225 million by offering 15 million shares (100% insider) at a price range of $14 to $16. At the midpoint of the proposed range, Amplify Snack Brands would command a market value of $1.1 billion.
Another consumer packaged goods company, Blue Buffalo (BUFF), went public earlier this week in the fifth largest IPO of 2015. The company is up 40% since it began trading
Amplify Snack Brands, which was founded in 2010 and booked $151 million in sales for the 12 months ended March 31, 2015, plans to list on the NYSE under the symbol BETR. Goldman Sachs, Jefferies, Credit Suisse and Suntrust Robinson Humphrey are the joint bookrunners on the deal. It is expected to price during the week of August 3, 2015.
